UK Term Loans. The UK Borrower shall have the right at any time to prepay the UK Term Loans on or before the Maturity Date of the UK Term Loans, as a whole, or in part, upon not less than five (5) Business Days prior written notice (in a form reasonably acceptable to the Administrative Agent) to the Administrative Agent (with a copy to the UK Agent), without premium or penalty, provided that subject to compliance with §6.9, (a) each partial prepayment shall be in an integral multiple of £500,000, (b) any full or partial portion of the UK Term Loans bearing interest at the Applicable Offered Rate may be prepaid pursuant to this §4.3.9 on a day other than the last day of the Interest Period relating thereto, and (c) each partial prepayment shall be allocated among the UK Lenders in accordance with such Lender’s Commitment Percentage. Any prepayment of principal of the UK Term Loans shall include all interest accrued to the date of prepayment and shall be applied as directed by GWI. No amount repaid with respect to the UK Term Loans may be reborrowed.
UK Term Loans. The UK Borrower shall repay to the UK Lenders the aggregate principal amount of all UK Term Loans on Maturity Date.
UK Term Loans. Subject to the terms and conditions hereof, each UK Lender severally agrees to make a term loan (a "UK Term Loan") to the UK Borrower on the Closing Date in an amount not to exceed each such UK Lender's UK Term Loan Commitment. The UK Term Loans shall be made in Pounds Sterling and may from time to time be (a) Domestic Sterling Loans, (b) Sterling Base Rate Loans or (c) a combination thereof, as determined by the UK Borrower in the initial notice of borrowing or in any notice of conversion with respect thereto.
UK Term Loans. Each UK Lender made the UK Term Loans to the UK Borrower on the Original Closing Date in an aggregate amount equal to $1,000,000. On the Restatement Effective Date, such UK Term Loans originally made as of the Original Closing Date remain outstanding in the aggregate principal amount of $1,000,000, which amount of UK Term Loans shall continue (and be deemed to continue) in all respects as UK Term Loans hereunder. Amounts repaid in respect of the UK Term Loans may not be reborrowed. The UK Term Loans were funded in Dollars and shall be repaid in Dollars.
UK Term Loans. Each US/UK Lender severally agrees to lend ------------- to Xxxx UK on the Closing Date an amount in Dollars not exceeding its Pro Rata Share of the aggregate amount of the UK Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each US/UK Lender's UK Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the UK Term Loan ------------ Commitments is $25,000,000; provided that the UK Term Loan Commitments of -------- Lenders shall be adjusted to give effect to any assignments of the UK Term Loan Commitments pursuant to subsection 10.
UK Term Loans. Subject to the terms and conditions set forth herein, each Lender with a UK Term Loan Commitment severally agrees to make a single loan to the UK Borrower on the Closing Date in an amount not to exceed such Lender's Applicable Percentage of the UK Term Loan Facility. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. UK Term Loans may only be Eurocurrency Rate Loans, as further provided herein. In connection with the Term Loan Borrowing of the UK Term Loan Facility on the Closing Date, the initial principal amount thereof shall be £43,480,961.55.
UK Term Loans. 59 ------------- 6.2 Procedure for UK Term Loan Borrowing......................60 ------------------------------------
UK Term Loans. Each UK Lender severally agrees to lend to Xxxx UK on the Effective Date an amount in Sterling not exceeding its Pro Rata Share of the aggregate amount of the UK Term Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each such Lender's UK Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the UK Term Loan Commitments is $18,756,420; provided that the UK Term Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the UK Term Loan Commitments pursuant to subsection 10.
UK Term Loans. The Overseas Term Borrower shall repay to the Administrative Agent for the ratable account of the U.K. Term Lenders (i) on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the First Amendment Effective Date, an aggregate Dollar Amount equal to 0.25% of the aggregate Dollar Amount of all U.K. Term Loans outstanding on the First Amendment Effective Date, it being understood that such Loans were subsequently converted into Tranche A U.K. Term Loans and Tranche B U.K. Term Loans, which will continue to be paid their ratable share of such amortization payments (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for each Class of U.K. Term Loans, the aggregate principal amount of such U.K. Term Loans outstanding on such date.
UK Term Loans. Each UK Lender agrees, severally (and not jointly) on a Pro Rata basis up to its UK Term Commitment, on the terms set forth herein, to make UK Term Loans in Dollars to UK Borrower on the Closing Date; provided, however, that, on the Closing Date, after giving effect to the making of the UK Term Loans, (x) the Aggregate UK Exposure shall not exceed UK Maximum Borrowing Availability and (y) the UK Term Exposure of any UK Lender shall not exceed such UK Lender’s Term Commitment. Amounts borrowed under this Section 2.1.2 and repaid may not be reborrowed. The UK Term Loan shall be funded and repaid in Dollars.
